The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
DUBAI / WAM
Jebel Ali Free Zone (Jafza), part of DP World and the UAE’s flagship trade and logistics hub, has seen a 15 percent growth in the number of petrochemicals, oil and gas companies registered in the free zone.
The announcement was made at a forum held at the National Industries Park in Dubai to promote the growth of the sector in the UAE and across the region. The event was attended by over 70 companies in the free zone, including business leaders, key officials from government entities and senior Jafza officials.
Discussions focused on the role of the petrochemicals industry in boosting the national economy and the significance of research and development to raise production capacity and sustain long-term growth. With the free zone attracting 112 new sector businesses in the last year, the UAE government continues to support innovative enterprises and mega projects in the industry.